Accor in talks to expand in Myanmar
Naypyidaw, Myanmar – 9 March 2017 –
Max Myanmar Holding Co, a hotels-to-engineering conglomerate, is looking for partnerships in financial services and is in talks with France-based Accor to expand cooperation in hotel management.
The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said in an interview at the Bloomberg Invest Myanmar conference.
Myanmar is enacting laws to encourage foreign investment in one of Southeast Asia’s fastest growing economies.
Max, founded in 1993, owns three hotels in the country including two that are managed by Accor.